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MINI BUDGET CRISIS
Governments worldwide shield households from rising energy costsNations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...- From India to China, a look at what governments worldwide are doing to shield households from rising energy costsGovernments globally are implementing diverse strategies to mitigate soaring energy costs stemming from the U.S.-Israeli war on Iran. Measu...
- Britain’s mini-budget crisis: Is it impacting the US Bond Market?Financial strategists are increasingly concerned that the United States could encounter a crisis similar to Britain's notorious "mini-budge...
- Euro weakness drives pound to highest since August 2022The euro dropped to as low as 84.48 pence, down 0.3%, at its lowest since August 2022, also trading lower against the dollar.
- BMW plans to introduce more EVs in India at varied price pointsBMW India currently sells five EVs - luxury hatch Mini SE, entry SUV iX1, sedan i4, SUV iX and limousine i7 - priced between Rs 53 lakh and...
- As debt worries mount, is another global financial crisis coming?Growing debts, high interest rates, climate change costs, and political instability are fueling concerns of a financial market crisis in ma...
- As global debt worries mount, is another crisis brewing?Economists and investors are particularly worried about the United States, Italy, and Britain. Governments are urged to deliver credible fi...
- UK economy: A crisis in the making for some time, with India trade deal offering hopeEconomic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India...
- UK brings forward fiscal measures after budget turmoilMonday's measures "will support fiscal sustainability", the Treasury added, after last month's notorious mini-budget had sent bond yields s...
- Conservative Party planning to replace UK PM Liz Truss with Rishi Sunak? Here's what reports sayReports suggest rebels want Rishi Sunak to replace Liz Truss as the crisis in the UK grows. A poll suggests that around half of the Conserv...
- UK finance minister Kwasi Kwarteng says 'not going anywhere' amid talk of new U-turnsKwarteng and Truss have been on the back foot ever since unveiling on September 23 a "mini-budget" that spooked the financial markets and h...
- Executives look to raise prices as UK's inflation crisis continuesInflation in the UK continues to rise, with mortgage rates breaching records of 10-14 years. Chancellor Kwarteng is scheduled to meet with ...
- UK Prime Minister Liz Truss looks to cut benefits for poor, faces revolt. See detailsUK Prime Minister Liz Truss is likely to face revolt as she looks to reduce the benefits given to the poor by the government. The oppositio...
- UK's PM Liz Truss admits tax cuts misstep, tries to reassure on economic PlanLess than a month into the job but already mired in a deep crisis, the new Tory leader insisted her controversial plans would return Britai...
- British Pound nosedives in Asia Trading as Bank of England jumps in to save the dayDoubts on the effectiveness of the British government’s recent taxation initiatives surfaced again as the pound dropped 0.8% to below $1.08...
- Economic storm tests UK's new leader, alarms ConservativesThe Bank of England stepped in to buy up government bonds in an attempt to stabilise the cost of borrowing after the government said last w...
- UK economic crisis could be the worst, warns Scotland's First Minister Nicola SturgeonChancellor of the Exchequer in the UK Kwasi Kwarteng unveiled a mini-budget last week. The Bank of England additionally issued a warning ov...
- After pound’s decline, Bank of England may raise interest rateOn Monday, the Sterling, Great Britain’s currency, fell by 5% to $1.0327; the Sterling stabilised at around $1.08. The Bank of England anno...
- As pound slips, UK PM Liz Truss, Chancellor of Exchequer Kwasi Kwarteng defend mini-budgetDue to tax cuts in Kwasi Kwarteng's mini-budget eroding confidence in the UK, the pound fell to an all-time low versus the dollar.
- Infosys among UK firms accessing Rishi Sunak's Covid-19 job saving schemeInfosys, co-founded by Sunak's father-in-law Narayana Murthy, said it had used the furlough - or forced leave - option for 3% of its staff ...
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